The SEC has nailed some additional broker/dealers for failing to disclose payment relationships they had with companies their research departments covered.
In a move that surprised few, the SEC voted 5-0 Wednesday to ban “directed brokerage,” in which mutual fund managers direct trades through brokerages’ trading desks as a reward for them selling their funds to retail clients...
A new study from Boston-based Financial Research Corp. confirms what many in the industry have suspected for a few years now: The world of wholesalers is about to change dramatically.
A new study of mutual fund firms’ enforcement capabilities affirms what many in the industry have known for some time—that omnibus accounting practices by fund intermediaries make catching timers virtually impossible.
Three of the nation’s largest brokerage firms have agreed to make it easier for registered reps to take clients with them when they change firms—eliminating a lot of the cloak-and-dagger antics that brokers undergo when they decide to move to...
A little more than a year after the historic $1.4 billion settlement, the securities industry has quietly begun the process of winning back what it gave away in those scandals.
When the scandal craze that has gripped the securities industry first got its kick in the pants two years ago from Eliot Spitzer and his crew, few in the industry recognized how deep it might go. Sure, some nefarious conflicts of interest would be...
They're coming to get you. As the number of arbitrations filings increases, so too do the odds that you will be called to appear in a regulatory hearing. The complaint may not even be against you; registered reps are often summoned to testify...